Gold and Silver prices have risen again since last week. Spot stands marginally higher at $4,608 CAD per ounce for Gold. Silver pushed higher again, up to a high of $50.98 in the past 5 days. It stands currently at $49.75 CAD per ounce. 13 year highs held strong in silver, while gold fell from last Friday's morning high of $4,696. Wednesdays’ Fed Decision to keep rates unchanged had little impact on Metals. The Dollar Index is up less than 1% at 98.66. Equities fell to a weekly low of $5,927.50 on the SP500 ES futures last Friday with Israels’ surprise attack on Iran’s Nuclear Facilities, but have since rebounded to $6,016. S&P AeroSpace and Defense ETF XAR reacted less than 1% on the news with a weekly high of $199.51 on Friday, sliding to a current $196.56. Weekly Jobless Claims dropped 5,000 to a seasonally adjusted 245,000. The Gold/Silver ratio fell another 0.5% to 92.48. Longer 20 yr and 30 yr US government bond rates have dropped from their highs late last month above 5% and rebounded slightly to 4.92 and 4.90% respectively. The probability of a 25 bps rate cut in 2025 as priced by PolyMarket rose from 21% last week to 25% though the probability of a 50 bps cut rose from 21% two weeks ago to 28%. Overall the most likely rate cut this year has been 50 bps since June 11th as per Polymarket. While geopolitical risk narratives abound, global markets have held strong in the face of this new Israeli war with Iran and and continues to remain firm despite President Trumps’ assertion Thursday that “Too Late Jerome Powell is costing [the USA] Hundreds of Billions of Dollars. He is truly one of the dumbest, and most destructive, people in Government, and the Fed Board is complicit.” BTC peaked for the week on Monday’s 4pm close just below $109,000. JP Morgan filed a trademark application for JPMD, their new USD Deposit Token to trade on Coinbase’s Base Blockchain. The institution focused stable coin will allow clients 24/7 access to move money on chain.